Andrew Godwin is Associate Professor and Director of Studies for Banking and Finance at Melbourne Law School, the University of Melbourne, Australia. His teaching and research interests include finance and insolvency law, transactional law, financial regulation (particularly disclosure and regulatory systems), property law and the regulation of the legal profession. He has worked closely with governments, financial regulators and international organisations on financial regulation reforms. Andrew Schmulow is Senior lecturer in law at the School of Law, University of Wollongong, Australia. He also holds visiting positions at universities in South Africa and South Korea. He advised South Africa's National Treasury on the drafting of the Conduct of Financial Institutions Act, and the World Bank on designing an indicator framework to measure consumer financial well-being.

'This book provides, for the first time, a comprehensive analysis of the 'twin peaks' model of financial regulation across multiple jurisdictions, drawing on insights from academics and regulatory practitioners to explore the important question of how the architecture of financial regulation should be organised in order to best achieve its multiple objectives.' Julia Black, CBE, FBA, author of Rules and Regulators

• 1. Introduction: the genealogy and topography of Twin Peaks Andrew Godwin and Andrew Schmulow; 2. The three episodes of Twin Peaks Michael W. Taylor; 3. Reflections on twenty years of regulation under Twin Peaks Jeffrey Carmichael; 4. Twin Peaks and central banks: economics, political economy and comparative analysis Donato Masciandaro and Davide Romelli; 5. Twin Peaks in Australia – the never-ending trek? Andrew Godwin, Ian Ramsay and Andrew D. Schmulow; 6. Twin Peaks financial regulation in New Zealand Helen Dervan and Simon Jensen; 7. Identifying lessons and best practices for the Twin Peaks model Marco van Hengel, Olaf Sleijpen and Femke de Vries; 8. Twin Peaks in South Africa Roy Havemann; 9. The role of the SARB as central bank in the South African Twin Peaks model Corlia van Heerden and Gerda van Niekerk; 10. Can the Twin Peaks model of financial regulation serve as a model for Israel? Ruth Plato-Shinar; 11. Towards a Twin Peak regulatory architecture for Hong Kong? Douglas W. Arner, Evan Gibson and Janos Barberis; 12. Regulatory structure and the revolving door phenomenon in South Korea: evidence from the 2011 Savings bank crisis Youkyung Huh and Hongjoo Jung; 13. China: Considering elements of Twin Peaks to upgrade its financial regulation Li Guo and Jessica Cheung; 14. Financial regulatory structure in China: challenges and transitioning to Twin Peaks Robin Hui Huang; 15. US financial regulatory structure: beneath the surface of Twin Peaks Heidi Mandanis Schooner; 16. A 'Twin Peaks' vision for Europe Dirk Schoenmaker and Nicolas Véron; 17. A complex European financial architecture – ten years on Karel Lannoo; 18. Twin Peaks and boiling frogs: consumer protection in one or two ponds? Gail Pearson; 19. Twin Peaks – how should Macro-cultures be regulated? Patrick McConnell; 20. Twin Peaks, macroprudential regulation and systemic financial stability Andrew Godwin, Steve Kourabas and Ian Ramsay.

Andrew Godwin is Associate Professor and Director of Studies for Banking and Finance at Melbourne Law School, the University of Melbourne, Australia. His teaching and research interests include finance and insolvency law, transactional law, financial regulation (particularly disclosure and regulatory systems), property law and the regulation of the legal profession. He has worked closely with governments, financial regulators and international organisations on financial regulation reforms. Andrew Schmulow is Senior lecturer in law at the School of Law, University of Wollongong, Australia. He also holds visiting positions at universities in South Africa and South Korea. He advised South Africa's National Treasury on the drafting of the Conduct of Financial Institutions Act, and the World Bank on designing an indicator framework to measure consumer financial well-being.

'This book provides, for the first time, a comprehensive analysis of the 'twin peaks' model of financial regulation across multiple jurisdictions, drawing on insights from academics and regulatory practitioners to explore the important question of how the architecture of financial regulation should be organised in order to best achieve its multiple objectives.' Julia Black, CBE, FBA, author of Rules and Regulators

• 1. Introduction: the genealogy and topography of Twin Peaks Andrew Godwin and Andrew Schmulow; 2. The three episodes of Twin Peaks Michael W. Taylor; 3. Reflections on twenty years of regulation under Twin Peaks Jeffrey Carmichael; 4. Twin Peaks and central banks: economics, political economy and comparative analysis Donato Masciandaro and Davide Romelli; 5. Twin Peaks in Australia – the never-ending trek? Andrew Godwin, Ian Ramsay and Andrew D. Schmulow; 6. Twin Peaks financial regulation in New Zealand Helen Dervan and Simon Jensen; 7. Identifying lessons and best practices for the Twin Peaks model Marco van Hengel, Olaf Sleijpen and Femke de Vries; 8. Twin Peaks in South Africa Roy Havemann; 9. The role of the SARB as central bank in the South African Twin Peaks model Corlia van Heerden and Gerda van Niekerk; 10. Can the Twin Peaks model of financial regulation serve as a model for Israel? Ruth Plato-Shinar; 11. Towards a Twin Peak regulatory architecture for Hong Kong? Douglas W. Arner, Evan Gibson and Janos Barberis; 12. Regulatory structure and the revolving door phenomenon in South Korea: evidence from the 2011 Savings bank crisis Youkyung Huh and Hongjoo Jung; 13. China: Considering elements of Twin Peaks to upgrade its financial regulation Li Guo and Jessica Cheung; 14. Financial regulatory structure in China: challenges and transitioning to Twin Peaks Robin Hui Huang; 15. US financial regulatory structure: beneath the surface of Twin Peaks Heidi Mandanis Schooner; 16. A 'Twin Peaks' vision for Europe Dirk Schoenmaker and Nicolas Véron; 17. A complex European financial architecture – ten years on Karel Lannoo; 18. Twin Peaks and boiling frogs: consumer protection in one or two ponds? Gail Pearson; 19. Twin Peaks – how should Macro-cultures be regulated? Patrick McConnell; 20. Twin Peaks, macroprudential regulation and systemic financial stability Andrew Godwin, Steve Kourabas and Ian Ramsay.